This conference, organized by 2011 Nobel Laureate Thomas J. Sargent, New York University, and Marco Bassetto, Federal Reserve Bank of Chicago, will bring together researchers from macroeconomics, finance, political economy, and public finance to discuss the ways in which large public deficits and high debt levels affect the conduct of fiscal policy, and how fiscal imbalances were corrected in the past.

Conference events on Friday, Nov. 18 are at the University of Chicago Law School's Glen A. Lloyd Auditorium.

Conference events on Saturday, Nov. 19 are at the Federal Reserve Bank of Chicago, 230 S. LaSalle Street, third floor.